13th May, 2020

On the Bid Cart: UNILEVER continued to enjoy positive investors' patronage, positing a 996bps gain to end today's session at N12.70. The counter has experienced some level of renewed interest since falling to its year low price of N9.90 last month, with the stock gaining over 25.00% thereafter. However, with the stock trading very close to the over bought region of the 14 days RSI, we recommend a cautious trading strategy in the short term.          

On the Offer Cart: MTNN again closed among the laggards for the day, dropping 143bps to settle at N110.00. The telecommunication giant which dominated gainers table in the last few weeks, has witnessed a trend reversal recently amid profit taking by investors. The counter has now lost 8.33% since it peaked N120.00 on the 5th of May 2020.   

Reporting for EasyKobo on Wednesday , 13 May 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited